GrubHub (GRUB) Stock Price Down 6% Following Insider Selling

GrubHub Inc (NYSE:GRUB) shares traded down 6% during trading on Wednesday following insider selling activity. The stock traded as low as $77.16 and last traded at $77.76. 2,886,977 shares changed hands during trading, an increase of 20% from the average session volume of 2,410,990 shares. The stock had previously closed at $82.74.

Specifically, SVP Margo Drucker sold 1,666 shares of the company’s stock in a transaction that occurred on Thursday, September 20th. The stock was sold at an average price of $136.82, for a total value of $227,942.12. Following the transaction, the senior vice president now directly owns 1,766 shares in the company, valued at $241,624.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Adam Dewitt sold 2,250 shares of the company’s stock in a transaction that occurred on Monday, September 17th. The shares were sold at an average price of $145.68, for a total value of $327,780.00. Following the completion of the transaction, the chief financial officer now owns 17,656 shares in the company, valued at $2,572,126.08. The disclosure for this sale can be found here. Insiders sold 46,296 shares of company stock worth $5,818,514 over the last quarter. 2.37% of the stock is currently owned by insiders.

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GRUB has been the topic of a number of research analyst reports. DA Davidson raised GrubHub from a “neutral” rating to a “buy” rating and boosted their target price for the company from $115.00 to $120.00 in a research report on Friday, October 26th. They noted that the move was a valuation call. Stifel Nicolaus raised GrubHub from a “hold” rating to a “buy” rating and cut their target price for the company from $140.00 to $125.00 in a research report on Friday, October 26th. ValuEngine lowered GrubHub from a “strong-buy” rating to a “buy” rating in a research report on Friday, October 26th. Craig Hallum boosted their target price on GrubHub from $160.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 18th. Finally, Argus boosted their target price on GrubHub from $150.00 to $170.00 and gave the company a “buy” rating in a research report on Friday, September 14th. They noted that the move was a valuation call. Two analysts have rated the stock with a sell rating, eleven have given a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. GrubHub currently has a consensus rating of “Buy” and an average price target of $129.95.

The company has a quick ratio of 2.31, a current ratio of 2.31 and a debt-to-equity ratio of 0.20. The stock has a market capitalization of $7.05 billion, a price-to-earnings ratio of 83.07, a price-to-earnings-growth ratio of 2.41 and a beta of 1.56.

GrubHub (NYSE:GRUB) last posted its quarterly earnings data on Thursday, October 25th. The information services provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.31 by $0.14. GrubHub had a return on equity of 10.64% and a net margin of 14.83%. The business had revenue of $247.23 million for the quarter, compared to analyst estimates of $238.19 million. Analysts predict that GrubHub Inc will post 1.29 earnings per share for the current fiscal year.

Institutional investors have recently bought and sold shares of the company. State of Wisconsin Investment Board purchased a new position in GrubHub in the second quarter valued at $1,857,000. Three Peaks Capital Management LLC purchased a new position in GrubHub in the third quarter valued at $2,529,000. Intl Fcstone Inc. purchased a new position in GrubHub in the third quarter valued at $230,000. Voya Investment Management LLC increased its holdings in GrubHub by 89.3% in the second quarter. Voya Investment Management LLC now owns 71,286 shares of the information services provider’s stock valued at $7,479,000 after buying an additional 33,632 shares during the last quarter. Finally, CIBC World Markets Inc. purchased a new position in GrubHub in the second quarter valued at $957,000. 92.49% of the stock is currently owned by institutional investors and hedge funds.

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GrubHub Inc, together with its subsidiaries, provides an online and mobile platform for restaurant pick-up and delivery orders in the United States. The company connects approximately 80,000 local restaurants with diners in approximately 1,600 cities. It offers Grubhub, Seamless, and Eat24 mobile applications and mobile Websites for iPhone, Android, iPad, Apple Watch, and Apple TV devices; and operates Grubhub, Seamless, and Eat24 Websites through grubhub.com, seamless.com, and eat24.com.